Last week, the week of Singapore's block chains was held. Several announcements were made by companies, but the most interesting thing is the regulatory authority, in particular by the Singapore Monetary and Financial Authority (MAS). Financial supervisors will publicly discuss views on cryptographic infringement and plan to develop block chain technology locally.
For those not familiar with, Singapore is always a financial base in Southeast Asia, but it is gradually becoming a base in Asia. Regulators in Singapore get more information about their views on block chains and cryptographic violations compared to other Asian countries and are more transparent. Regulatory uncertainty remains a burden to Korea and Japan, but in Southeast Asia, MAS publishes "Guidelines on Supply of Digital Tokens". Providing digital tokens and investing in problems Regulators in Singapore have undoubtedly been a pioneer in Asian economic and regulatory standards since the beginning of Lee Kuan Yew in 1965.
Singapore is the first step in encrypting foreign companies
In the past, said that Thailand is one of the most interesting encryption countries in Southeast Asia. Nonetheless, Singapore must be the first step even for companies in Asia, or those in Asian countries who wish to base their base outside the home country. It is an encrypted sandbox in Asia.
There are many companies in Asia, and they also migrate to Europe and the United States. And the type of trade project and cryptocurrency going to Singapore are very different.
A few months ago, a Korean team called MVL introduced Tada, equivalent to "Uber" in Singapore's block chain. Tada is an on-demand car sharing service using MVL technology. That…
Hope you like the news:
Singapore is a cryptographic sandbox that Asia needs.
#Stay Tuned For More Updates :)